Wave Up/Down (explanation & examples)

[BullRunBit 2773]

Explanation

In this topic I will talking about Wave Up or Down or how someone call it "hammer".

Wave Up/Down is when price of some coin/token suddenly jump or drop and return to price before that.

This (Wave Up/Down) is just trading expression and I will explain below in details what is Wave Up/Down.

 

Screenshot (Yobit exchange)

How you can see on this screenshot we have 1 and 2 examples.

1 is Wave Down, which means that price of BTC drop till 10,680$ and return to (price before drop) 10,938$.

2 is Wave up, which means that price of BTC jump till 11,659$ and return to (price before jump) 11,440$.

On 1 (Wave Down) price has changed for around 2.4% and on 2 (Wave Up) price has changed for around 1.9%,

and traders can take advantage of that and make profit.

 

Advantage/RoboTrade

I write already about advantage with placing order in my previous topic "Power Of ORDER":

But like you probably know that Yobit have new option/function which is called RoboTrade and purpose of this function is that you auto place orders (buy/sell).

1 is Pair on which you want to use RoboTrade

2 is Type which means do you want to buy and sell some coin/token or you want to sell and buy again

3 is Amount with which you want to trade, for example in this case with 0.1 BTC

4 is on which price RoboTrade will buy BTC and on which price will sell and your profit in percent,

you can set up (in percent) how much profit you want to take.

 

Conclusion

Wave Up or Down can give traders opportunity to make quick profit, but I must to note that placing order (like I write in my previous topic) and RoboTrade is not same.

When you placing order you buy or sell some coin/token and after that when order is filled you decide on which price you want to sell or buy again, but with RoboTrade you placing auto orders for buying and for selling. I must to admit that I still did not use RoboTrade but for sure is usefull for some traders.

Happy trading and catching Wave Up/Down. 

[Shaza Ahmad 1682]

Great article as you always do, your explanation is complete and can be easily understood, I think that catching wave Up / Down is not difficult, but it needs some experience, but prices do not remain in one area, so how can I take advantage of RoboTrade to set it to catch Wave Up / Down in time This is appropriate because RoboTrade works with fixed buy and sell orders.

[zagzag 320]

The most important point in using Robotrade for any cryptocurrency pair is the manual tracking of the wave up / down analysis you are talking about.

 

Because Robotrade is not a tool that can do this analysis for you. Robotrade automatically trades only the purchase and sale prices you want. When you miss the most favorable purchase price, you have to reconsider this buy price order.

[Arslan Ch 2163]

Informative post and you explained it in really easy simple manner so that everyone can understand it easily If we keep an eye on the marketing then we can get benefits from these waves up and down and it really looks beneficial on daily basis.And Robo trading option of trading is really helpful for its users to place orders and then be free from any worry of checking the market again and again.

[afez420 20]

Thank you for explaining this analysis. Informative and concise manner. Technical analysis is a very interesting thing that mostly works because other people believe it works.

[BullRunBit 2773]

I'm a little late but I will share one clean example Wave Up.

Like you can see 03.16.21 price pump (Wave Up) from 4sat till 34sat and came back which is clean example of Wave Up. Market did not have tokens to hold price and price pump a lot which is called Wave up.

I will share some more examples if I find some, but point is same.

[Malik Abi 0]

First of all thanks to you dear friend for Informative article, and you summarized it in such a concise way that everyone would appreciate it. If we keep an eye on the marketing, we will learn from these up and down cycles, which seem to be helpful on a regular basis. And the Robo trading option of trading is extremely beneficial to its customers because it allows them to position orders without having to constantly monitor the market @Megan Kyle.

[Adam Aurther 11]

These up and down cycle which seem to be helpful full on regular basis because it allows them to position orders market did not have token and hold prices for the trading investment.So be careful for good earnings in future.